Ethereum

Bitcoin

Spot

U.S. spot Ethereum exchange-traded funds (ETFs) experienced significant net outflows of $39.21 million on Thursday, ending a three-day streak of positive inflows.
<h2 id="spot-ethereum-etfs-end-positive-streak-with-39-million-net-outflow">Spot Ethereum ETFs End Positive Streak with $39 Million Net Outflow</h2>
The outflows were primarily driven by the Grayscale Ethereum Trust (ETHE), which saw $42.52 million outflow from the fund, according to SosoValue data. ETHE was the only spot Ethereum ETF to record outflows on Thursday.
The second-largest spot Ethereum ETF by net assets, Grayscale Ethereum Mini Trust (ETH), saw no inflows on Thursday after seeing a modest $2.26 million net inflow the previous day.
On the other hand, Fidelity’s FETH recorded an inflow of $2.54 million, while BlackRock’s ETHA brought in $770,350. The remaining spot Ethereum ETFs reported no activity.
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In terms of trading volume, the nine Ethereum ETFs saw a total of $240.58 million on Thursday, up significantly from $155.91 million on Wednesday and $190.76 million on Tuesday.
While Ethereum-focused ETFs saw declines, U.S. spot Bitcoin ETFs recorded light inflows of $11.11 million on Thursday, recovering from net outflows of $81.36 million the previous day.
BlackRock's IBIT, the largest spot Bitcoin ETF by net assets, reported no new flows on Thursday after recording inflows of $2.68 million on Wednesday and $34.55 million on Tuesday.
Grayscale’s GBTC continued its upward trend, losing $25.03 million on Thursday and recording its 11th consecutive day of declines.
In comparison, Fidelity’s FBTC led the day’s inflows with $16.25 million, followed by Grayscale Mini Trust with $13.66 million and Bitwise’s BITB with $6.23 million.
The total daily trading volume of these spot Bitcoin ETFs reached $1.79 billion on Thursday, compared to $1.3 billion on Wednesday.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/positive-streak-ends-in-us-spot-ethereum-exchange-traded-funds-etfs-as-bitcoin-etfs-recover-here-are-the-details/" rel="noopener noreferrer nofollow">Positive Streak Ends in US Spot Ethereum Exchange Traded Funds (ETFs) as Bitcoin ETFs Recover! Here Are the Details</a>

Positive Streak Ends in US Spot Ethereum Exchange Traded Funds (ETFs) as Bitcoin ETFs Recover! Here Are the Details

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